Real Estate Math
A Nevada investor paid $180,000 for a lot 5 years ago and just sold it for $240,000. What was the percentage increase in value?
A25%
B28%
C33%✓ Correct
D40%
Explanation
Increase = $240,000 - $180,000 = $60,000. Percentage increase = $60,000 ÷ $180,000 = 0.3333 = 33.33% ≈ 33%.
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